CFTC: USD longs increased
Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, May 17, by the Commodity Futures Trading Commission (CFTC) for a week ended May 14.
Large speculators increased their USD net long positions from $26.8 bln to $32.3 bln. Meanwhile, AUD net positions became short for the first time since June 2012.
It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements.